TITLE 18 - CRIMES AND CRIMINAL PROCEDURE
PART I - CRIMES
CHAPTER 63 - MAIL FRAUD AND OTHER FRAUD OFFENSES

HEAD

Sec. 1344. Bank fraud

STATUTE

Whoever knowingly executes, or attempts to execute, a scheme or
artifice -
(1) to defraud a financial institution; or
(2) to obtain any of the moneys, funds, credits, assets,
securities, or other property owned by, or under the custody or
control of, a financial institution, by means of false or
fraudulent pretenses, representations, or promises;
shall be fined not more than $1,000,000 or imprisoned not more than
30 years, or both.

1990 - Pub. L. 101-647 substituted "30" for "20" before "years".
1989 - Pub. L. 101-73 amended section generally, restating former
subsec. (a) and striking out former subsec. (b) which defined
"federally chartered or insured financial institution". Prior to
amendment, subsec. (a) read as follows: "Whoever knowingly
executes, or attempts to execute, a scheme or artifice -
"(1) to defraud a federally chartered or insured financial
institution; or
"(2) to obtain any of the moneys, funds, credits, assets,
securities or other property owned by or under the custody or
control of a federally chartered or insured financial institution
by means of false or fraudulent pretenses, representations, or
promises, shall be fined not more than $10,000, or imprisoned not
more than five years, or both."